Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5206 Vlg Crst Way Knoxville, TN 37924-5043

    • Golf courses & driving ranges
    • 6,120 SF
    • 16.39 lot acres
    OFF-MARKET
    Value Estimations
    $11,265,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-0853722
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Eastowne Village Apartments / Apartment Building

    Property Details for 5206 Vlg Crst Way

    Year built
    1988
    Construction
    CONCRETE
    Lot size
    16.39 lot acres
    Property size
    6,120 SF
    Property type
    Golf courses & driving ranges
    APN
    059 02606
    APU
    5902606

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $11,263,000
      Market price range: $974k - $50.0M
      AI Estimate
      $11,263,000
      Market price range: $974k - $50.0M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Knoxville
    County
    Knox
    State
    Tennessee
    Longitude
    -83.88
    Latitude
    36.0354
    CBSA code
    28940
    CBSA name
    KNOXVILLE, TN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $105,381
    $0.00
    $0.00
    $4,888,720
    -
    $1,730,800
    $10,491,000
    $12,221,800

    Comparable in this City

    • Value Estimation
      $10,855,000
      6,684 SF

      6520 Ruggles Fry Pike

      COUNTRY CLUB • 6,684 SF
      6520 Ruggles Fry Pike, Knoxville, TN 37924-3625
      View Details
    • Value Estimation
      $4,340,000
      2,673 SF

      2760 Rushland Park Blvd

      COUNTRY CLUB • 2,673 SF
      2760 Rushland Park Blvd, Knoxville, TN 37924-1595
      View Details
    • Value Estimation
      $3,290,000
      608 SF

      2680 Honey Hl Rd

      COUNTRY CLUB • 608 SF
      2680 Honey Hl Rd, Knoxville, TN 37924
      View Details
    • Value Estimation by Request
      819 SF

      7120 Asheville Hwy

      CASINO • 819 SF
      7120 Asheville Hwy, Knoxville, TN 37924-3803
      View Details
    • Value Estimation
      $1,155,000
      10,000 SF

      7501 Strawberry Plns Pike

      CASINO • 10,000 SF
      7501 Strawberry Plns Pike, Knoxville, TN 37924-4312
      View Details
    • Value Estimation by Request
      1,536 SF

      219 Andrew Johnson Hwy

      CASINO • 1,536 SF
      219 Andrew Johnson Hwy, Knoxville, TN 37924-4914
      View Details

    Similar Nearby for Sale

    • $479,000
      1.00 Acre

      Commercial Property with Residential Home

      Commercial garage with residential home in high-demand Knoxville area.
      6447 Rutledge Pike, Knoxville, TN 37924
      View Details
    • $649,900

      15-Acre Parcel for Development

      15 acres suitable for residential, commercial, or mixed-use development.
      8324 Strawberry Plains Pike, Knoxville, TN 37924
      View Details
    • $1,000,000

      Land Near Universal Development

      Commercial land near new apartment development and high-traffic area.
      7603 Strawberry Plains Pike, Knoxville, TN 37924
      View Details
    • $219,900
      2.40 Acres

      Unrestricted Land with Modular Home

      2.4-acre Knoxville property with modular home and investment potential.
      7109 Babelay Rd, Knoxville, TN 37924
      View Details
    • New
      $450,000
      25.17 Acres

      Unrestricted Land in Growing Knoxville

      25-acre unrestricted land parcel in a prime Knoxville location.
      732 N Wooddale Rd, Knoxville, TN 37924
      View Details
    • $195,000
      2.41 Acres

      Knoxville Commercial Land - 2.41 Acres

      Prime 2.41-acre commercial lot in Knoxville, TN.
      2960 Miller Place Way, Knoxville, TN 37924
      View Details

    Similar Nearby for Lease

    • $2,000 /Mo

      Land for Rent Knoxville

      Land available for rent at 7800 Asheville Hwy, Knoxville.
      7800 Asheville Hwy, Knoxville, TN 37924
      View Details
    • $6,400 /Mo

      Millertown Pike Outparcel For Rent

      0.96 acre outparcel adjacent to high-traffic Walmart.
      5320 Millertown Pike, Knoxville, TN 37924
      View Details
    • $15 SF/Yr
      8,000 SF

      Well-Maintained Office Space Available

      Office space with high visibility and ample parking.
      8537 Asheville Hwy, Knoxville, TN 37924
      View Details
    • $32 SF/Yr
      4,500 SF

      Asheville Hwy Retail Pad Opportunity

      Prime East Knoxville retail space, 1-4,500 sqft.
      6240 Asheville Hwy, Knoxville, TN 37924
      View Details
    • $32 SF/Yr
      4,500 SF

      Retail Pad in East Knoxville

      Retail space with drive-thru potential in high-traffic area.
      6240 Asheville Hwy, Knoxville, TN 37924
      View Details
    • Contact for pricing
      10,800 SF

      Knoxville Commercial Space For Lease

      Versatile 10,800 sq ft commercial space in Knoxville, TN.
      7420 Asheville Hwy, Knoxville, TN 37924
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5206 Vlg Crst Way
    Knoxville, TN 37924-5043
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.